Pre-file UCC-1 for NYC Coop Refinance

Started by JBRD

about 10 years ago

Posts: 0

Member since: Sep 2015

Discussion about

Hi Everyone. Anyone know what code gives the bank the right to pre-file a UCC-1 for a mortgage refinance for an NYC coop? I'm trying to identify the specific legal code. Or even links to specific articles and websites that point to a specific legal code. Any help is appreciated!

Response by Flutistic

about 10 years ago

Posts: 516

Member since: Apr 2007

Banks do this All The Time. What's more, you should get that puppy terminated (figure of speech, not a literal puppy) if you don't do the deal.

Ignored comment. Unhide

Response by front_porch

about 10 years ago

Posts: 5316

Member since: Mar 2008

I'm not an attorney so don't construe this as legal advice, but you probably granted the right as part of your loan application. Also, you might find this article interesting:

http://www.nolo.com/legal-encyclopedia/how-attach-perfect-security-interest-under-the-ucc.html

ali r.
{downtown broker}

Ignored comment. Unhide